eng

Korsnäs signs new agreement with Tetra Pak

11/25/2010 11:01 AM

Investment AB Kinnevik ("Kinnevik") today announced that the wholly owned subsidiary Korsnäs AB ("Korsnäs") has entered into a new agreement with Tetra Pak. The agreement is valid for the period 2011-2013 and comprises approximately 2 million tons of liquid packaging board.

Christer Simrén, Chief Executive Officer of Korsnäs, commented: "Korsnäs and Tetra Pak continue their close cooperation and the new agreement enables Korsnäs to plan both production and product development efficiently. Korsnäs' focus on long standing relationship with its customers and its ability to grow with them provides a unique stability for both Korsnäs and its customers and is an important reason for the solid profitability in the company."

 

For further information, visit www.kinnevik.se or contact:

Christer Simrén, Chief Executive Officer +46 (0)26 15 10 00
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
  +46 (0)70 762 00 83

 

Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. Kinnevik manages a portfolio of investments focused around three comprehensive business areas; Major Unlisted Holdings which includes the cartonboard and paper company Korsnäs including shares in Bergvik Skog, Major Listed Holdings which includes Millicom International Cellular, Tele2, Modern Times Group MTG, Metro International and Transcom WorldWide, and New Ventures which is active in finding new investments in small and mid sized companies which has a significant growth potential. Kinnevik plays an active role on the Boards of its holdings.

The Kinnevik's class A and class B shares are listed on the NASDAQ OMX Stockholm's list for large cap companies, within the financial and real estate sector. The ticker codes are KINV A and KINV B.